Moho Resources Ltd (ASX:MOH) continues to make progress at East Sampson Dam prospect within the Silver Swan North Gold Project in Western Australia with the maiden resource estimate upcoming.
The company also has plans underway to begin an aircore drilling program in mid-July testing for extensions of gold mineralisation outlined by auger gold in soil anomalies.
A Program of Works (POW) application for this drilling to test targets at Tyrells prospect (M27/263) has been approved while the company anticipates grant of the Black Swan South tenement applications in quarter four of 2021.
“Significant progress”
Managing director Shane Sadleir said: “Moho continues to make significant progress on its gold mining proposition at the East Sampson Dam prospect.
“With the analysis of drill samples and assays now completed, we are keenly awaiting the completion of CSA’s maiden JORC mineral resource estimate.”
Potential gold and nickel prospectivity
Following the signing of access agreements with Poseidon Nickel Ltd (ASX:POS) and subject to the four-month statutory Native Title advertising period and no objections being received during that period, it is anticipated that Moho’s applications for tenements E27/623, E27/633 and P27/2441 may be granted in the December quarter.
The tenement applications are immediately south and east of Poseidon’s Black Swan Nickel Operations.
Due to thick cover and minimal modern-day exploration, Moho considers that these tenements may be prospective for gold and nickel mineralisation.
Mineral resource estimate delay
CSA Global Pty Ltd, Moho’s mining resource consultant, has advised that due to the current strong industry demand on their services, there has been a slight delay to the completion of the maiden resource estimate.
Moho is expecting CSA’s report in about a month.